The Philippine Deposit Insurance Corporation (PDIC) reminded creditors of the closed Kaluyagan Rural Bank, Inc. that they only have until January 25, 2022 to file their claims against the bank’s assets.

       PDIC reiterated that claims filed after said date shall be disallowed. Creditors refer to any individual or entity with a valid claim against the assets of a closed bank and include depositors with uninsured deposits that exceed the maximum deposit insurance coverage (MDIC) of P500,000.

       The PDIC said that creditors may file their claims through any of the following:

       1. Online through e-mail at;

       2. Through mail addressed to the PDIC Public Assistance Department, 3rd Floor, SSS Bldg., 6782 Ayala Avenue corner V.A. Rufino St., Makati City 1226. Claims filed by mail must have a postmark dated not later than January 25, 2022; or

       3. Personal filing on an appointment basis only at the PDIC Public Assistance Center located at the 3rd Floor, SSS Bldg., 6782 Ayala Avenue corner V.A. Rufino St., Makati City, Monday to Friday, 8:00 AM to 5:00 PM.        

The prescribed Claim Form against the assets of the closed bank may be downloaded from the PDIC website, PDIC reminds creditors to transact only with authorized PDIC personnel.

Claims filed after January 25, 2022 shall be disallowed. PDIC, as Receiver, shall notify creditors of denial of claims through mail. Claims denied or disallowed by the PDIC may be filed with the liquidation court within 60 days from receipt of final notice of denial of claim or within 20 days from date of publication of the Order setting the Petition for Assistance in the Liquidation Proceeding for initial hearing, whichever is later.

       In addition, PDIC said that depositors with account balances of more than the maximum deposit insurance coverage (MDIC) of P500,000 who have already filed claims for the insured portion of their deposits as of January 25, 2022 are deemed to have filed their claims for the uninsured portion or the amount in excess of the MDIC.

       PDIC, as Receiver of closed banks, requires personal data from creditors to be able to process their claims and protects these data in compliance with the Data Privacy Act of 2012.

       Kaluyagan Rural Bank, Inc. was ordered closed by the Monetary Board (MB) of the Bangko Sentral ng Pilipinas on October 28, 2021 and PDIC, as the designated Receiver, was directed by the MB to proceed with the takeover and liquidation of the closed bank in accordance with Section 12(a) of Republic Act No. 3591, as amended. It is a two-unit rural bank with Head Office located at 01 Mabini St., Brgy. Mabini (Pob.), City of San Carlos, Pangasinan. Its lone branch is located along Perez Blvd., Brgy. Herrero, Dagupan City.

       All requests and inquiries relating to Kaluyagan Rural Bank, Inc. shall be addressed to the PDIC Public Assistance Department through e-mail at, or through telephone number (02) 8841-4141.

       Depositors and creditors outside Metro Manila may call the PDIC Toll Free Hotline during office hours at 1-800-1-888-PDIC (7342). Inquiries may also be sent as private message at Facebook through